The Baltic and International Maritime Council (BIMCO) has relaunched the ship benchmarking system, Shipping KPI, after two years of redesign.
Shipping KPI is based on self-reporting by 300 companies and a total of 6,000 ships. It enables users to compare performance parameters between ships of similar type, tonnage, trades or flag states, while remaining anonymous.
Users can compare 33 different key performance indicators (KPIs) - for example budget performance, ship availability, contained spills and officer retention.
"The Shipping KPI system enables me, as a shipowner, to make rational strategic decisions on how to run my fleet, by benchmarking with other ships in the segments we compete in. It is an important step for BIMCO in its goal of developing digital solutions for the industry," said Şadan Kaptanoğlu, owner of Kaptanoğlu Group, president designate of BIMCO and chair of the Shipping KPI steering group.
BIMCO says the Shipping KPI classifications are aligned with the IHS ship type STATCODE 3, meaning the benchmarking system includes heavy lift and multipurpose vessels.
BIMCO's short-term target is to get more than 10,000 ships into the system to create an even better foundation for comparison and analysis.
"We see Shipping KPI as a community effort. It is by the industry for the industry. It is designed for shipowners and ship managers, to help them compare apples with apples, without giving over proprietary data to their competitors," added Kaptanoğlu.